Empire State Realty OP, L.P. (NYSE:ESBA) Short Interest Up 50.0% in August

Empire State Realty OP, L.P. (NYSE:ESBA) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 2,100 shares, a growth of 50.0% from the August 15th total of 1,400 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 8,800 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Empire State Realty OP

Several hedge funds and other institutional investors have recently made changes to their positions in ESBA. Montag A & Associates Inc. acquired a new position in Empire State Realty OP during the 1st quarter valued at about $210,000. Bessemer Group Inc. acquired a new position in shares of Empire State Realty OP during the first quarter valued at about $86,000. Finally, Commonwealth Equity Services LLC raised its position in shares of Empire State Realty OP by 20.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 75,569 shares of the company’s stock valued at $689,000 after purchasing an additional 12,713 shares during the last quarter.

Empire State Realty OP Stock Up 3.8 %

Shares of Empire State Realty OP stock traded up $0.38 on Friday, reaching $10.35. The stock had a trading volume of 16,702 shares, compared to its average volume of 9,203. Empire State Realty OP has a 1 year low of $6.96 and a 1 year high of $11.24. The company has a 50 day moving average price of $10.24 and a 200 day moving average price of $9.63.

Empire State Realty OP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Monday, September 16th.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Empire State Realty OP in a research note on Friday, June 7th. They issued a “hold” rating on the stock.

About Empire State Realty OP

Empire State Realty OP, L.P. operates as a subsidiary of Empire State Realty Trust, Inc